Which of the Following Statements Would Milton Friedman Disagree With

question 21

Multiple Choice

Which of the following statements would Milton Friedman disagree with?

• A)Monetary policy has few short-run effects on the real economy.
• B)In the long run,changes in the money supply primarily affect the price level.
• C)In practice,there is little scope for using monetary policy actively to smooth out business cycles.
• D)The Central Bank cannot be relied on to effectively smooth out business cycles.

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Definitions:

Organizational Resistance

The opposition or pushback by members within an organization against changes or new initiatives.

Interorganizational Agreements

Interorganizational agreements are formal contracts or partnerships between different entities to pursue shared objectives or projects.

Organization Design

The process of structuring an organization's roles, responsibilities, and systems to achieve its goals and strategy efficiently.

Organizational Resistance

Opposition or pushback from employees or members of an organization against changes or policies perceived as harmful or unwanted.